Morgan Stanley has raised its profit forecasts for Greece’s major lenders, citing accelerating credit growth and a series of second-quarter earnings surprises that are expected to exceed market consensus.
The investment bank’s latest research covers Eurobank, National Bank of Greece, and Alpha Bank, signaling a shift in sentiment toward the Greek banking sector as it prepares for its upcoming reporting cycle.
The upgrades reflect confidence that the banks are benefiting from a resilient domestic economy and strong loan demand, which is driving better-than-anticipated profitability.
This positive outlook from Wall Street follows a period of strong performance for Greek bank shares in European trading.
Recent sessions have seen the sector lift the broader market index, with Eurobank and Piraeus Bank leading rallies amid rising energy prices and improved investor sentiment.
The momentum suggests that the market is already pricing in some of the optimism that Morgan Stanley is now formalizing in its research.